Swedish inflation drops to 1.9% in January

February 17, 2012 9:14 am 

STOCKHOLM, Feb. 17 — The inflation rate in Sweden dropped to 1.9 percent in January compared to December 2011, the Swedish Central Statistics Bureau (SCB) said on Thursday.

The Consumer Price Index (CPI) decreased by 0.9 percent in January compared to the previous month, said the SCB in a statement.

The decline in CPI could be mainly explained by the reweighing effects of the consumption basket and seasonally price decreases for clothing and footwear, but the price decreases only accounted for 0.5 percentage points, the bureau added.

However, the prices for medical services, fuel, electricity and rents went higher in January, said the SCB.

According to the bureau, CPI increased by 0.2 percent in December 2011 compared to the previous month, with inflation rate reaching 2.3 percent. (PNA/Xinhua) DCT/mmg

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